Oireachtas Joint and Select Committees
Thursday, 18 May 2017
Public Accounts Committee
Bord na gCon: Financial Statements 2015 (Resumed)
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
With respect we went through this the last time. There is a closed purchase here. We are not in a competitive process. The Department has disclosed to us that it is purchasing this land for, I believe, €23 million. Therefore there is not really any competitive tension of any description. It is a closed process where there is only a buyer and seller and that is it. We are trying to establish whether the taxpayer is getting good value for money here. We have been told that the Department has valued it at €23 million, has it not?
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